Filing Flows › Creative Realities (CREX) › Q1 2025
Creative Realities (CREX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Creative Realities (CREX) reported revenue of $9.7M for the first quarter 2025 (Q1 2025), -21% from a year earlier and -12% from the quarter before. Operating margin was -7.4%, net earnings $3.4M (34.6% of revenue).
Creative Realities, Q1 2025: revenue $9.7M (-21% year over year), operating margin -7.4%, net earnings $3.4M, operating cash flow −$2.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.7M | -12% | -21% |
| Operating profit | −$722K | — | — |
| Net earnings | $3.4M | — | — |
| Operating cash flow | −$2.4M | — | — |
What changed
Revenue was $9.7M in Q1 2025, down 21% year over year and down 12% from the previous quarter. Managed Services was the largest line at 44% of revenue. Hardware lost $750K year over year (down 18%), 29% of the total change.
Gross margin was 45.7%, down 1.2 points from a year earlier. Operating costs exceeded revenue by $722K, an operating margin of -7.4%. Operating expenses fell 11% while revenue fell 21%. Net earnings were $3.4M. The effective tax rate was 2.9%. Non-operating items added $4.2M, 121% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$2.4M. Non-cash charges added back $2K of share-based compensation. Working capital and other items used $5.8M. Capital expenditures of $8K exceeded it, leaving free cash flow of −$2.5M.
Questions
What was Creative Realities' revenue in the first quarter 2025?
Creative Realities (CREX) reported revenue of $9.7M for the first quarter 2025 (Q1 2025), -21% from a year earlier and -12% from the quarter before.
Was Creative Realities profitable in the first quarter 2025?
Operating loss was $722K (-7.4% of revenue) and net earnings $3.4M.
Source: Creative Realities 10-Q on SEC EDGAR.